Answer:
$240
Step-by-step explanation:
Fill in the given numbers and do the arithmetic.
[tex]m=\dfrac{12,000+12,000rt}{12t}=\dfrac{12,000+12,000\cdot 0.04\cdot 5}{12\cdot 5}\\\\m=\dfrac{14,400}{60}=240[/tex]
Keri's monthly loan payment is $240 per month.
